MBA - I Semester Paper Code: MBAC 1003 - St. Xavier's ...

1 MBA - I Semester Paper code : mbac 1003 accounting For Managers Objectives To acquaint the students with the fundamentals principles of financial, cost and management accounting To enable the students to prepare, analyse and interpret financial statements and To enable the students to take decisions using management accounting Book-Keeping and accounting Financial accounting Concepts and Conventions Double Entry System Preparation of Journal.

Lesson – 1.1 Accounting – An Introduction 1.1.1 Introduction Accounting is aptly called the language of business. This designation is applied to accounting because it is the method of communicating business information. The basic function of any language is to serve as a means of communication. Accounting duly serves this function. The

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